249 W High Street,London, OH 43140
London, OH 43140
Description
Attention investors, don't miss this residential to self storage conversion opportunity in London Ohio. This property is part of a larger Central Ohio Investment Portfolio but is available for purchase, as a stand alone. The full portfolio is 133 units assembled across 34 individual residential and mixed-use properties in London, Ohio (Madison County) and Washington Court House, Ohio (Fayette County). The portfolio was acquired and renovated between 2018 and 2022 under three operating entities Ohio State Property Investors, USA Investment Group, and The Woodlands LLC. Please see the attached file that breaks down the offering in tranches. A few important parameters: 1. Highlighted tranches must be purchased as a package. The seller's preference is for these packages to also include some of the unhighlighted assets. 2. Unhighlighted assets may be purchased individually at the pricing shown in the attached summary. 3. Buyers are responsible for sourcing their own debt quotes and determining the best execution if separating assets from the portfolio. Whether you're pursuing the full portfolio, a tranche, or select individual assets, the underlying story holds: below-replacement-cost basis at $60,150/unit and direct Columbus MSA spillover demand across Madison and Fayette Counties. This tranche structure opens the door for buyers who wanted exposure at a smaller check size -- and we expect it to accelerate activity on the portfolio. If you've been evaluating this deal, now is the time to move. We will promptly present all offers received. ***Note: Individual Pricing Available. Can be broken up. Details found in Tranche Pricing document attached.***
Details
| MLS # | 226021739 |
|---|---|
| Listing Type | For Sale |
| Style | Other Com |
| Sub-Type | Resale |
| Status | Active |
| Year | 1967 |
| Days On Site | 90 |
| Listing Provided By | Verti Commercial Real Estate L | Brett A Ludwig |
Features
| SQ Feet | 6,524 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.88 |
Taxes
| Property | 1989 |
|---|
Area Information
| State | OH |
|---|---|
| County | Madison |
| City | London |
| Zip Code | 43140 |
| Listing VS Median (in 43140) | |
Price: $377,777 low | high Med: $399,900 sqft: 6,524 low | high Med: 2,235 $ / sqft: $58 low | high Med: $187 On site: 90 low | high Med: 84 | |
Market Activity 43140
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Learn More About This Property
| State | OH |
|---|---|
| County | Madison |
| City | London |
| Zip Code | 43140 |
| Listing VS Median (in 43140) | |
Price: $377,777 low | high Med: $399,900 sqft: 6,524 low | high Med: 2,235 $ / sqft: $58 low | high Med: $187 On site: 90 low | high Med: 84 | |